DTA with Malta and Switzerland enters into force

Theprovisions of the agreement will apply from 1 January 2013

Switzerland and Malta have agreed withholding tax exemption for dividend and interest payments between related companies with a capital stake of at least 10% in the company making the payment. Royalties are also exempt from withholding tax.

The Double taxation agreement also contains provisions on the exchange of information in accordance with the international standard applicable at present. The agreement is expected to contribute to more, better and positive developments in terms of bilateral economic relations.